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Question - Post-Closing Trial Balance - An accountant prepared the following post-closing trial balance:
Gypsy Treasures Co.
Post-Closing Trial Balance
January 31, 2014
Debit Balances Credit Balances
Cash 11,100
Accounts Receivable 24,640
Supplies 1,550
Equipment 109,780
Accumulated Depreciation - Equipment 36,630
Accounts Payable 13,320
Salaries Payable 1,220
Unearned Rent 5,000
Leticia Aloni, Capital 90,900
181,590 112,550
Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require an entry, leave it blank.
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